Redaptive, an energy-as-a-service company, has secured $225 million in a warehouse financing facility from ATLAS SP Partners. Redaptive funds and installs equipment to help organizations reduce energy waste, lower carbon emissions and meet their sustainability goals.
The financing will allow Redaptive to expand its data-enabled platform and launch new equipment financing solutions for its customers. The company’s expanded offering will allow commercial and industrial businesses to install energy-saving and energy-generating equipment with more flexible terms.
The new offering will provide customers with a range of options, including usage-based payments, short-term rentals converted to long-term leases, sale-leasebacks for capital generation and matching terms to the useful life of the equipment. With the addition of equipment financing, Redaptive can now offer a full suite of traditional financing options to further support its customers’ operational needs.
